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Council authorizes gas‑hedging to lock portions of 2030 and 2030–31 supply
Summary
The council approved a Public Works motion to hedge 25% of expected gas use for summer 2030 at $3.10/decatherm and 25% for winter 2030–31 at $5.65/decatherm, and to extend contracts as needed.
Public Works brought a motion to authorize hedging of natural gas purchases for future periods. The motion as read on the record asked the city to hedge 25% of expected use for summer 2030 at $3.10 per decatherm (or better) and 25% for winter 2030–31 at $5.65 per decatherm (or better), and to extend agreements with the city’s carrier as needed to execute those contracts.
The motion was moved, seconded (the meeting identified the seconding member) and approved by voice vote. Council did not record a roll‑call tally on the record; staff said details and execution would follow through Public Works procedures.
